5 Tips To Save You Money While Studying Abroad
1. Cook for yourself
You’ll save yourself a lot of money by cooking rather than eating every meal out. An additional idea is to cook with friends. It’s more fun, and each person can contribute a few ingredients. Cooking for one person is difficult anyway (ex: how do you eat an entire bag of carrots by yourself before they go bad [unless you eat carrots all day every day]?)
2. Start with free activities
This doesn’t necessarily help if you’re being spontaneous, or if your abroad program doesn’t provide you with important dates from the start (ex: finals). BUT, as much as you can — plan ahead. Airfare can be significantly cheaper. Even smaller things like renting bikes, or going on a tour can cost less if you buy ahead of time, usually online, instead of once you get there.
3. Plan ahead
It will probably take longer than you expect. Especially in some cities like London, where 99% of the museums are free, you'll be kept busy and save money. Even if you’re in a location where museums and exhibits cost a pretty penny, get outdoors! Have a picnic, explore a different neighborhood, walk around a park — the possibilities are endless.
4. Have an arsenal of discount/deal websites at your disposal
Sky Scanner, Expedia, Google Flights, and Airbnb will be your best friends. I find the biggest expenses are getting from Point A to Point B, and housing once you've arrived at Point B. I realize Airbnb isn't necessarily a discount site, but my friends and I used it for almost every trip and, honestly, it usually ends up being cheaper (and nicer) than a hostel. Highly recommend.
5. Spend money on experiences
Something I made a priority for myself, and also something instilled in me by my mom (she’s a wise woman), is to spend money on experiences rather than souvenirs/possessions. That being said, certain things are cheaper in different countries, so if you do want to splurge on an item you’ve had your eye on, check if it’s less expensive in the country you’re visiting.